Canada’s tyre distributor Giant acquired by Trelleborg

February 3, 2019

tiresThe second largest industrial tyre dealer in the Montreal area has been acquired by Trelleborg, a global engineering company that focused on polymer technology. Through Trelleborg Wheel Systems, an agreement of acquisition is sealed with PNEU ICM Inc, a specialized industrial tyre service provider and distributor in Montreal, Canada,

With Pneus ICM’s annual sales that ranges approximately C$3.39 M (SEK 23 M), Trelleborg has now the vantage point to reach further market segments by enlarging its distribution network.

The president of the Trelleborg Wheel Systems business area, Paolo Pompei says, “A local presence and global reach are key drivers in our business strategy. This acquisition provides us with an excellent opportunity to increase our sales in the materials handling market and to strengthen our replacement service business, while expanding into an attractive and growing market.”

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Rubber Prices
(Last Updated: 18 Feb 2019)

Monthly The prices shown above do not include VAT @4% on purchase and expenses towards packing, transportation, warehousing  and other incidentals


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